科创板造假上市第一案：紫晶存储财务总监李燕霞判了六年六个月

Core Viewpoint - The company Zijing Storage, once celebrated as the first stock in optical storage, was forced to delist due to financial fraud, with criminal sentences now issued against key executives involved in the fraudulent activities [1][6][7]. Summary by Sections Company Background - Zijing Storage was listed in February 2020 and delisted in June 2023, having engaged in financial fraud since 2017, which included fabricating sales contracts and inflating revenue and profits [1][6]. Criminal Sentences - The court issued sentences to several key executives: - Chairman Zheng Mu received a prison term of 7 years and 6 months, along with a fine of 500,000 RMB [2][8]. - Director Luo Tiewei was sentenced to 7 years in prison and fined 400,000 RMB [2][8]. - Financial Director Li Yanxia received 6 years and 6 months in prison, with a fine of 350,000 RMB [2][9]. - Vice President Jiao Shizhi was sentenced to 4 years and 6 months, with a fine of 250,000 RMB [2][9]. - Assistant General Manager Huang Meishan received a sentence of 3 years and 8 months, along with a fine of 150,000 RMB [2][9]. - Business Manager Tan Junsheng was sentenced to 3 years and 8 months, with a fine of 150,000 RMB [3][10]. - Southern Sales Director Lin Haizhong received a sentence of 3 years and 6 months, with a fine of 150,000 RMB [3][11]. - General Manager Zhong Guoyu was sentenced to 3 years in prison and fined 100,000 RMB for failing to disclose important information [3][11]. - Procurement Manager Ding Jie received a sentence of 2 years and 6 months, with a fine of 100,000 RMB for similar charges [3][11]. - Vice President Wei Qiang was sentenced to 2 years in prison, with a 3-year probation for his involvement in fraudulent activities [3][11]. Distinction Between Administrative and Criminal Penalties - The distinction between administrative and criminal penalties is highlighted, with criminal penalties focusing on substantial participation in the fraud, while administrative penalties may not always lead to criminal charges [5][12]. For instance, former Secretary Wang Wei was fined 1.05 million RMB for failing to fulfill his duties but was not criminally charged [5][12].